Cangzhou Dahua Balance Sheet Health
Financial Health criteria checks 4/6
Cangzhou Dahua has a total shareholder equity of CN¥4.3B and total debt of CN¥507.3M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are CN¥6.2B and CN¥1.9B respectively. Cangzhou Dahua's EBIT is CN¥114.0M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥402.0M.
Key information
11.8%
Debt to equity ratio
CN¥507.31m
Debt
| Interest coverage ratio | 6.8x |
| Cash | CN¥402.03m |
| Equity | CN¥4.30b |
| Total liabilities | CN¥1.91b |
| Total assets | CN¥6.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600230's short term assets (CN¥1.2B) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 600230's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥583.2M).
Debt to Equity History and Analysis
Debt Level: 600230's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: 600230's debt to equity ratio has increased from 0.6% to 11.8% over the past 5 years.
Debt Coverage: 600230's debt is well covered by operating cash flow (147.2%).
Interest Coverage: 600230's interest payments on its debt are well covered by EBIT (6.8x coverage).